As Cisco Systems INC (CSCO) Stock Price Rose, Rnc Capital Management LLC Increased Position

September 16, 2018 - By Pearl Odom

Cisco Systems, Inc. (NASDAQ:CSCO) LogoInvestors sentiment increased to 0.84 in 2018 Q2. Its up 0.11, from 0.73 in 2018Q1. It increased, as 61 investors sold CSCO shares while 733 reduced holdings. 133 funds opened positions while 531 raised stakes. 3.26 billion shares or 4.11% less from 3.40 billion shares in 2018Q1 were reported. Azimuth Capital Limited Com accumulated 375,560 shares. First Western Cap Mgmt Co reported 13,214 shares. Howard Cap holds 0.19% in Cisco Systems, Inc. (NASDAQ:CSCO) or 30,232 shares. Fosun Intll invested in 0.08% or 30,000 shares. Millennium Limited Liability Com reported 2.47 million shares or 0.14% of all its holdings. Liberty Mutual Grp Asset Inc has 0.2% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 187,983 shares. Legal General Gp Plc reported 22.68 million shares. Gateway Investment Advisers owns 2.61 million shares or 0.99% of their US portfolio. Commonwealth Bancshares Of reported 0.21% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). First Personal Financial Ser has 109,001 shares. Gulf Savings Bank (Uk) Limited stated it has 0.84% in Cisco Systems, Inc. (NASDAQ:CSCO). The Germany-based Deutsche National Bank Ag has invested 1.12% in Cisco Systems, Inc. (NASDAQ:CSCO). Banque Pictet And Cie Sa invested 0.11% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Hl Ser Ltd Llc reported 2.27 million shares. Wall Street Access Asset Mgmt Limited Liability reported 25,596 shares.

Since March 15, 2018, it had 0 insider purchases, and 1 insider sale for $1.51 million activity.

Rnc Capital Management Llc increased its stake in Cisco Systems Inc (CSCO) by 27.87% based on its latest 2018Q2 regulatory filing with the SEC. Rnc Capital Management Llc bought 259,302 shares as the company’s stock rose 6.54% with the market. The institutional investor held 1.19M shares of the technology company at the end of 2018Q2, valued at $51.20M, up from 930,456 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $216.68B market cap company. The stock increased 0.34% or $0.16 during the last trading session, reaching $47.4. About 13.94 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 44.68% since September 16, 2017 and is uptrending. It has outperformed by 29.06% the S&P500.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Intel And Cisco Systems Lag Their ‘Tech Bubble’ Peaks Despite 3000 Nasdaq Points Of Light” on August 30, 2018, also Globenewswire.com with their article: “Cisco Announces September 2018 Events with the Financial Community” published on August 29, 2018, Benzinga.com published: “Pros: Cisco Isn’t Getting The Attention It Deserves” on September 05, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Is Cisco Still A Buy?” published on September 10, 2018 as well as Fool.com‘s news article titled: “Why Cisco’s Cybersecurity Business Is About to Take Off” with publication date: September 12, 2018.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Among 15 analysts covering Cisco Systems (NASDAQ:CSCO), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Cisco Systems had 24 analyst reports since March 22, 2018 according to SRatingsIntel. BMO Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 16. BMO Capital Markets has “Market Perform” rating and $48 target. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Hold” rating by BMO Capital Markets on Thursday, March 22. The rating was maintained by GBH Insights on Monday, May 14 with “Buy”. The firm has “Buy” rating by Oppenheimer given on Friday, June 8. Cowen & Co maintained the shares of CSCO in report on Monday, May 14 with “Buy” rating. Morgan Stanley maintained it with “Overweight” rating and $51 target in Tuesday, September 4 report. Morgan Stanley maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, July 19. Morgan Stanley has “Overweight” rating and $48 target. The firm has “Buy” rating given on Monday, June 4 by Cowen & Co. Credit Suisse maintained the shares of CSCO in report on Thursday, August 16 with “Neutral” rating. J.P. Morgan maintained the shares of CSCO in report on Monday, June 11 with “Buy” rating.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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